This is a trend following analysis using a breakout entry formation that generally has the greatest results. This analysis is good for 4H trading, but can also be used on almost all time frames and on all pairs. Basically, this analysis is based on breakout and certain forms of reversals. The analysis seeks to highlight potential breakout setups that can result in higher reward. To ensure consistent successful trades, the trader should exercise some degree of patience and wait for the perfect set up to execute trades. There’re are several types of breakouts, I only focus on two types of breakouts, trend line breakout and double top/triple top/ bottom breakout. Even with the two, I only trade double top/ triple bottom breakout most of the times and trend line breakout at some other times. Double top/Triple top/ bottom breakout is more dependable and reliable than the other. Note, trend line breakout includes also breaks that occur out of various shapes such as wedges, channels, triangles, and all the other shapes part from rectangles. Below are the simple sketches of some of the breakout setups I’ll be focusing on.
Technical observation EUR pulled back to a supportive zone it established at 1.2007-1.1993 but did not penetrate below it, as long as price is contained above this zone it is still within buyers reach and you can expect a momentum to the upper side, however, in case of a breakout below the same zo
Technical observation GBP is trading with an increasing bearish bias below a resistance level 1.4010, unless there is a clear breach above the level mentioned above, I expect a decline to the supportive zone 1.3416-1.3378. In case of a bounce within this zone, I expect a rally to the upper side bu
Technical observation USD declined and broke below the supportive zone 108.37-108.22 but it was not contained below it, it then rose above the same zone, retraced to it and bounced within the zone 107.38-108.22, price is currently trading with an increasing bullish bias and I expect this upwards